Strategic 13-Million Barrel Oil Blend and Store Terminal Located on South Africa's West Coast

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Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--A $200 million commercial crude oil blending terminal project at Saldanha Bay on South Africa's South Atlantic coast has received environmental authorization for development and construction by the Western Cape department of environmental affairs and development planning. This follows the completion of eight specialist studies as part of the environmental impact assessment (EIA).

The terminal will have a total capacity of 13.2 million barrels with 12 in-ground concrete tanks, which were designed so that in the event of a leak, the oil would be collected in a separate layer underneath the tanks and relayed to a special collection point to be pumped back into the tanks.

The Saldanha Bay site was chosen for the facility as the most suitable location for the global crude oil trans-shipment hub as it was close to strategic tanker routes between key oil producing regions and major oil consuming markets.

The project is being developed by Oiltanking MOGS Saldanha, a new joint venture (JV) between Oiltanking Grindrod Calulo (OGTC) (OTC: GRDLY) (Durban, South Africa) and Mining, Oil and Gas Services (MOGS).

OGTC is an independent bulk liquid storage provider in South Africa. MOGS is a company owned 100% by a black community investment company Royal Bafokeng Holdings (Johannesburg).

For related information see October 9, 2013, article -- Western Cape's LPG Shortages Met by $130 Million Open Access Terminal.

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